Categorized Under: Energy
ICF International's white paper discusses expectations for U.S. market trends and impacts related to Congress's extension of the federal production tax credit (PTC) as part of its last-minute “fiscal cliff” bill.
The PTC will now be available to qualifying renewable projects that begin construction by January 1, 2014. With this extension, the United States could see nearly 10 GW of new wind capacity commence operations through the end of 2014—this represents 5 GW more than without the extension. Despite the extension of the PTC, development in 2013–2014 will remain lower than the roughly 12 GW of U.S. wind that came online in 2012.
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